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1-10 results from 1000 for query «percent»

May 4, 2018 1:07 PM ESLA pays GHc500m interest to investors

Managers of the ESLA bond, have paid an estimated 228 million cedis as first gross interest payments to investors who bought into the 7 year bond of the six billion cedis energy sector bond. The bond, which formed part of the first tranche of the issuance, attracted an interest rate of 19 percent. A statement from ESLA and copied to Citi Business News said, “Managers 1022

April 5, 2018 5:35 AM Deposits still major source of funds for banks – BoG report

Customer deposits still remain a major source of revenue for commercial banks. As a result, commercial banks also bear greater responsibility to their customers in earning interests on such deposits. The latest banking sector report by the Bank of Ghana shows that deposits accounted for 62.5 percent of the banking industry’s assets as at December 2017. According 1105

March 30, 2018 9:26 AM Final year SHS students to pay half of third term fees – GES

The Ghana Education Service (GES), has directed that public Senior High Schools only charge final year students half of the third term fees for the 2017/2018 academic year. This is because the students, who will be sitting for the 2018 WASSCE examinations will spend only seven weeks in school instead of the full 14 weeks. A GES memo, sighted by Citi News, thus directed 446

March 29, 2018 2:02 PM Barclays Bank Ghana posts GH¢386m in profits in 2017

Barclays Bank Ghana is confident of sustaining its profits and contribution to the new ABSA brand from this year onwards. The Bank’s optimism is premised on its performance for last year (2017) where it recorded a profit after tax of 386.17 million cedis. The Finance Director at Barclays Bank Ghana, Antoinette Kwofie disclosed this plan when she engaged 466

March 29, 2018 12:22 PM U/E to get database on vulnerable people

The Upper East Region will soon have a register of all vulnerable groups and households to guide the execution of government social intervention programmes. The ongoing household data collection under the Ministry of Gender, Children and Social Protection (MOGCSP) targets over two hundred thousand households in the region, with a population of over One Hundred 92

March 26, 2018 11:46 AM Egypt elections: Favourite Sisi seeks high turnout in polls

Egyptians began voting on Monday in a presidential election set to deliver an easy win for incumbent Abdel Fattah al-Sisi, with turnout the main focus after all serious opposition withdrew complaining of repression. Polling stations will be open for three days and Sisi, a former military commander, has urged Egyptians to vote, hinting that he sees the election 102

March 25, 2018 7:07 PM Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP. This means that the debt stock has almost hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned 124

March 25, 2018 5:15 PM Ghana’s debt now GH¢142bn; reaches dreaded 70% to GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 70 percent of GDP. This means that the debt stock has hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned against 112

March 23, 2018 5:35 AM CAL Bank records GH¢145m profit in 2017

CAL bank has posted a profit after tax of 145.2 million cedis for 2017. This is a significant improvement over the previous year’s figure of 7.2 million cedis. Despite this, the bank still acknowledges the impact of the legacy debts in the energy sector on its loan books. In the first of Citi Business News’ series of report on the performances of the listed 89

March 19, 2018 7:00 AM Alibaba commits to Lazada with fresh $2bn investment

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and it added another 90